Market Overview

B&G Foods Announces Tax Treatment of Common Stock Dividends Paid in 2019

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B&G Foods, Inc. (NYSE:BGS) today explained the tax treatment for dividends paid in 2019 on the Company's common stock. Holders are urged to check their 2019 tax statements received from brokerage firms in order to ensure that the cash distribution information reported on such statements conforms to the information reported herein.

Additional information concerning the tax treatment of dividends paid in 2019 is posted to the Investors section of B&G Foods' website, www.bgfoods.com, under the headings "FAQs" and "IRS Form 8937." Holders are also urged to consult their own tax advisors to determine their individual tax treatment.

In 2019, B&G Foods distributed $1.900 per share of common stock (CUSIP # 05508R 10 6). Based on U.S. federal income tax laws, B&G Foods has determined that of such distributions, 7.52443% (or $0.142964 per share) will be treated as a taxable dividend and 92.47557% (or $1.757036 per share) will be treated as a return of capital. Generally, the portion of the distribution on the common stock that is treated as a return of capital should reduce the tax basis in the shares of common stock up to a holder's adjusted basis in the common stock, with any excess treated as capital gains.

The table below summarizes the tax treatment for dividends paid in 2019 on the Company's common stock.


Declaration

Date


Record

Date


Payment

Date


Total Per Share

Distribution


2019 Taxable

Dividend


2019 Return of

Capital

11/1/2018

12/31/2018

1/30/2019

$0.475

$0.035741

$0.439259

2/25/2019

3/29/2019

4/30/2019

$0.475

$0.035741

$0.439259

5/21/2019

6/28/2019

7/30/2019

$0.475

$0.035741

$0.439259

7/30/2019

9/30/2019

10/30/2019

$0.475

$0.035741

$0.439259

 

2019 Totals

$1.900

$0.142964

$1.757036

About B&G Foods, Inc.

Based in Parsippany, New Jersey, B&G Foods and its subsidiaries manufacture, sell and distribute high-quality, branded shelf-stable and frozen foods across the United States, Canada and Puerto Rico. With B&G Foods' diverse portfolio of more than 50 brands you know and love, including Back to Nature, B&G, B&M, Cream of Wheat, Green Giant, Las Palmas, Le Sueur, Mama Mary's, Maple Grove Farms, Mrs. Dash, New York Style, Ortega, Polaner, SnackWell's, Spice Islands and Victoria, there's a little something for everyone. For more information about B&G Foods and its brands, please visit www.bgfoods.com.

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